Ukrainian Treasury's balance grows twofold in August

The balance of funds in the single account of the State Treasury Service of Ukraine, as of September 1, 2016, is estimated at UAH 23.763 billion, a 2.2-time increase, or UAH 12.766 billion, compared with August 1, 2016, according to the Treasury's website.

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According to the report, the balance of funds in the single account in August 2016 fell by 47.4% compared with the same period last year and increased by 2.6 times compared with the beginning of the year.

As UNIAN reported earlier, the balance of assets in the account on August 1, 2016, amounted to UAH 10.997 billion, down 38.9%, or UAH 6.999 billion, compared with July 1, 2016.

Read alsoUkrainian Treasury's balance stands at UAH 17.996 bln as of July 1The balance of funds in the single treasury account is not a constant value. It is subject to increases due to revenues from taxes and other mandatory payments to the state and local budgets and subject to decreases amid budget spending peaks.

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